Alternative investment vehicles - less commercial

qldfrog said:

@basilio
Run away.
If you want high risk , at least ask for high reward!!
I invest a bit of cash, that i can afford to lose as conscious it is high risk, with a money lenders company (usually for developers bridge loans for a couple of months, currently on my 3rd batch).
But before investing:
->Recommended, know some of the company owners/financier, only invest on specific projects with only first mortgagee rights.
Currently around 10.5% pa returns ongoing rates.
100k is maybe a lot?... or not..not sure how much you own but make sure you can afford to lose it..

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• Investment (including debt and equity instruments)
• Commercial lending
• Re-financing
• Liquidity reserves
• Capital management
• Operational expenses
• Other commercial purposes as management deems appropriate

Bellcose said:

There is merit in what you have posted @qldfrog. This mob is not an ADI and investors funds are not covered by the $250k guarantee. Out of interest have a look at its backer, Marbanc International.

And Income Direct makes money through:

"The capital advanced to Income Direct™ from its clients can be applied to a range of commercial activities including:

• Investment (including debt and equity instruments)
• Commercial lending
• Re-financing
• Liquidity reserves
• Capital management
• Operational expenses
• Other commercial purposes as management deems appropriate

Funding from our clients provides us with a fixed cost of funds to carry out our commercial activities.

Note: Income Direct does not engage in consumer lending, cryptocurrency investment or stockmarket day trading."

They must be lending capital at a higher rate than that paid to investors. Begs the question if a bank isn't prepared to fund you due to the potential risks, where do you go to? Not saying it'll fall over but I'd be cautious taking into account all the puffery on the website.

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Bellcose said:

There is merit in what you have posted @qldfrog. This mob is not an ADI and investors funds are not covered by the $250k guarantee. Out of interest have a look at its backer, Marbanc International.

And Income Direct makes money through:

"The capital advanced to Income Direct™ from its clients can be applied to a range of commercial activities including:

• Investment (including debt and equity instruments)
• Commercial lending
• Re-financing
• Liquidity reserves
• Capital management
• Operational expenses
• Other commercial purposes as management deems appropriate

Funding from our clients provides us with a fixed cost of funds to carry out our commercial activities.

Note: Income Direct does not engage in consumer lending, cryptocurrency investment or stockmarket day trading."

They must be lending capital at a higher rate than that paid to investors. Begs the question if a bank isn't prepared to fund you due to the potential risks, where do you go to? Not saying it'll fall over but I'd be cautious taking into account all the puffery on the website.

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qldfrog said:

And the issue o see is that you put your money in a big pool, which will be used gor everything from salaries, bonus, office rents as well as various funding/lending you have no clues about nor recourse
Anyway, up to you but proceed with care

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Bellcose said:

So what? The operative word in SMSF is Self-Managed. If the Trustees do not understand the risks of the chosen investments, it's on the Trustee. If the Trustee doesn't understand or does not bother to investigate, then don't be a Trustee of an SMSF. It's basic stuff and sufficient warnings have been given multiple times by the ATO and other bodies on the responsibilities of a Trustee.

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basilio said:

Anyone had any experience with Income Direct ?
They are targeting High Worth people to loan at least 100k for their investment portfolio.

Interest rates start at 5.95% for 6 months to 8.75% for 5 years commitment.

Company | Income Direct™ Fixed Income Accounts from $250k

Choose Income Direct™ to earn more income on your capital. 100% online fixed interest rate solutions from 6-120 months. $250k minimum. Open an account in 2 minutes.

incomedirect.com.au

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